China economy: A year after Covid began, China s economy is beating world – The Economic Times
China s economic ascent is accelerating barely a year after its first coronavirus lockdowns, as its success in controlling Covid-19 allows it to boost its share of global trade and investment.
The world s second-largest economy is set on Monday to report gross domestic product increased 2.1% in 2020, the only major economy to have avoided a contraction, according to a Bloomberg survey of economists.
That should ensure its share of the world economy rose at the fastest pace this century. Global output fell 4.2% last year, according to the World Bank, pushing China s share of it to 14.5% at 2010 dollar prices — two years earlier than expected.